Bitcoin Recovers - slowly

#bitcoin #money

Bitcoin, after gradually declining to sub USD112k is gradually climbing back, indicating, on 6 Aug 25, its first higher low and higher top since early July 25 (not yet charted). The top remains marginal, only being about USD 20 above that achieved on 4 Aug 25. Given the pricing scale (100k ranges) comparatively for a USD 1 stock this would be seen as a double top. Accordingly, if the high for 7 Aug 25 does not exceed the 6 Aug 25 top we could see a pull back to USD 109.7k in the next few days.

Keep your powder dry … if you got in with the USD 111k - 112k opportunity, great, if not you may want to wait or consider only a small investment at the current price level.